INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2015

Investments in unconsolidated affiliates

Schedule of equity investees and summarized financial information for equity investees

		Equity Earnings from Unconsolidated Affiliates(b)			Investment in Unconsolidated Affiliates
		Year ended December 31			December 31
	Ownership Interest at December 31, 2015
(millions of dollars)		2015	2014	2013	2015		2014
Northern Border(a)	50%	66	69	64	480		505
Great Lakes	46.45%	31	19	3	485	(c)	672
		97	88	67	965		1,177

(a)	Equity earnings from Northern Border is net of the 12-year amortization of a $10 million transaction fee paid to the operator of Northern Border at the time of the Partnership's additional 20 percent acquisition in April 2006.
(b)	Equity Earnings represents our share in investee's earnings and does not include any impairment charge on the equity method investment recorded as a reduction of carrying value of these investments.
(c)	During the fourth quarter of 2015, we recognized an impairment charge on our investment in Great Lakes amounting to $199 million. See discussion below.

Northern Border

Investments in unconsolidated affiliates

Schedule of equity investees and summarized financial information for equity investees

December 31 (millions of dollars)		2015		2014
Assets
Cash and cash equivalents		27		41
Other current assets		33		34
Plant, property and equipment, net		1,124		1,163
Other assets		18		34
		1,202		1,272
Liabilities and Partners' Equity
Current liabilities		39		64
Deferred credits and other		26		22
Long-term debt, including current maturities		411		411
Partners' equity
	Partners' capital	728		777
	Accumulated other comprehensive loss	(2	)	(2	)
		1,202		1,272

Year ended December 31 (millions of dollars)	2015		2014		2013
Transmission revenues	286		293		286
Operating expenses	(70	)	(72	)	(75	)
Depreciation	(60	)	(59	)	(58	)
Financial charges and other	(22	)	(22	)	(23	)
Net income	134		140		130

Great Lakes

Investments in unconsolidated affiliates

Schedule of equity investees and summarized financial information for equity investees

December 31 (millions of dollars)	2015	2014
Assets
Current assets	86	66
Plant, property and equipment, net	727	748
	813	814
Liabilities and Partners' Equity
Current liabilities	31	38
Long-term debt, including current maturities	297	316
Partners' equity	485	460
	813	814

Year ended December 31 (millions of dollars)	2015		2014		2013
Transmission revenues	177		146		124
Operating expenses	(59	)	(53	)	(60)
Depreciation	(28	)	(28	)	(31)
Financial charges and other	(23	)	(25	)	(27)
Net income	67		40		6